Northern war costs economy more than $100 million a day

About 35% of the 1,800 factories and small manufacturing businesses in Haifa and the North are shut, while about 35% are in partial operation. The rest were working as usual.

By SHARON WROBEL

AUGUST 2, 2006 12:21

closed businesses 88 298

(photo credit: Ariel Jerozlimski)

Advertisement

The rocket barrage on the North is costing the country over $100 million a day, but economists at Dun & Bradstreet are confident the nation's economic health is still not at risk.
"On the back of Israel's economic strength and a growth rate which is one of the highest in the Western world, we don't expect the period of conflict to substantially harm annual growth rates," said Reuven Kuvent, D&B Israel general-manager.

The Jerusalem Post Customer Service Center can be contacted with any questions or requests:
Telephone: *2421 * Extension 4 Jerusalem Post or 03-7619056 Fax: 03-5613699E-mail: subs@jpost.com
The center is staffed and provides answers on Sundays through Thursdays between 07:00 and 14:00 and Fridays only handles distribution requests between 7:00 and
13:00
For international customers: The center is staffed and provides answers on Sundays through Thursdays between 7AM and 6PM
Toll Free number in Israel only 1-800-574-574
Telephone +972-3-761-9056
Fax: 972-3-561-3699
E-mail: subs@jpost.com